Papua New Guinea, Dec. 9 -- The Asian Development Bank (ADB) and Air Niugini Limited (Air Niugini) have signed a $35.8 million financing package to help modernize the fleet of Papua New Guinea's (PNG) national airline, improving its efficiency and further raising safety standards. This initiative will enhance PNG's domestic and international connectivity and contribute to the island nation's social and economic growth.The package includes a $19 million loan from ADB's capital resources and a $16.8 million loan administered by ADB from the Leading Asia's Private Sector Infrastructure Fund 2 (LEAP 2). The funds will finance the purche of six Airbus A220-100 aircraft, replacing older models with more reliable, fuel-efficient planes. Air travel...